Make in India campaign and its impact on automotive jobs
The automotive sector in India is one of those sector’s where 100 FDI was approved along with de-licensing of the sector, which gave humongous growth to the industry in the last one decade. The cumulative FDI inflow in this sector from April 2000 to October 2013 was US$ 9,079 million, which is 4% of total FDI in India over that particular period of time.
Various automotive brands from developed nations established their manufacturing units and produce; two wheelers, passenger vehicles, commercial vehicles and three wheelers. The influx of automobile manufacturers has led to the emergence of India as a prominent automotive market and has managed various positions in the global rankings which are determined by the production and sales volumes. The Indian Automotive Industry, as per CII are; Largest three-wheeler market, Second largest two-wheeler market, Tenth largest passenger car market, Fourth largest tractor market, Fifth largest commercial vehicle market, Fifth largest bus and truck segment.
India has managed its rankings in each segment of the automotive sector, which is an indicator of the future growth of the automotive sector and the prospects, which are offered in the form of automotive jobs.
As per a report from CII, the automotive sector currently employs near about 80 lakh people and once the production capacities are increased by the manufacturers, the total net worth of this industry will rise to Rs. 6 Lakh Crores. To give boost to production volumes, skilled resources for the purpose of overseeing various tasks of production, operations, logistics, procurement and delivery; automotive jobs will be generated at various levels for professionals, skilled technicians and other staff; with education and skills related to the profile they want to apply for.
With the launch of make in India campaign by the Indian government has brought in positive sentiments in the minds of automotive professionals. As the sector already enjoys 100% FDI, the government is now working on an Automotive Mission Plan 2006–16, to emerge as top destination for design and manufacture of automobile and components. This will create 25 million automobile jobs, across 4 automobile manufacturing hubs spread across the country.
Those who have education in automobile and are researching on hybrid and electric vehicles, will be much in demand. National mission for electric mobility, 2020 which aims at creating and manufacturing xEVs (Hybrid and electric vehicles) using indigenous technology, manufacturing capacity and technology; to emerge as a world leader in two-wheeler and four-wheeler xEVs market.
Automotive jobs will be not only confined to the four automotive hubs, however will also be created in the states of Uttarakhand, North-east, Jammu & Kashmir, & Himachal Pradesh; as the indian government is creating SEZs in these states along with tax incentives for the companies who set up base here. Establishing SEZs in these states will be beneficial for the automotive professionals from these states who relocate to other locations for automotive engineer jobs.